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energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
after the election. so thank you very much, sir. >> coming up tonight, a house energy and commerce subcommittee hears testimony on the fungal meningitis outbreak linked to a massachusetts company. the defense department and holds a briefing on actions taken after an investigation into misconduct. at laflin air force base in san antonio. that is followed by an interview with outgoing house services member, congressman barney frank. today's of nonfiction books this weekend. your calls, e-mails, and tweets. many featured authors including jake tapper and christopher hitchens book, mortality. live coverage starts on saturday morning at 10:00 a.m. eastern on sunday at noon on c-span2's booktv. join us online
and vote against the president? take a look at a place like oklahoma where energy state and you're supposed of conservatives are coming out in droves to vote against president obama. turnout looks to be down more than 5% and appears with almost all votes counted in oakland. a couple of wrong assumptions we made the overall this is a watershed election because with 84 house freshman in my count, 40 and democrats and 35 election. when you combine that with a few surviving members of the class of 2010, that's 166 members, more than one-third of the house will have less than three years of experience in congress takes office in january. so a huge new freshman class, very steep learning curve, and get ready for the fireworks. >> curtis. and again, you have, many of you have history port and the bbc's report on voter turnout. but tell us what happened and why spent the first and want to do is think dpc, and eric larson for making this report possible. wouldn't have been without them. i'm usually the chicken little of the analyst industry on the turnout, this time i was chicken little when it turn
Search Results 0 to 3 of about 4